Estate planning for New York families with meaningful assets. The analysis is not whether you need a plan — it is whether the plan you have accounts for the New York estate tax cliff, the character of your assets, the governance structures around your business or practice interests, and the dynamics among your beneficiaries. Michel Law drafts wills, revocable and irrevocable trusts, powers of attorney, and healthcare proxies, with attention to tax efficiency, asset protection, and generational transfer. These insights cover the structural choices that drive outcomes — revocable versus irrevocable trusts, dynasty structures, the tax cliff that catches New York estates just over the threshold, trustee selection, and the recurring mistakes that cost high-net-worth families millions.
The federal annual gift exclusion, the New York estate tax cliff, and charitable deadlines all turn on December 31. A New York estate planner's year-end checklist.
The most common — and most expensive — estate planning mistakes high-net-worth New Yorkers make, and how to avoid them. A practical guide from a Long Island attorney.
Revocable or irrevocable trust? The choice affects your taxes, your creditors, and your control. A New York attorney explains when each one actually makes sense.
New York's estate tax cliff can cost a family millions for being slightly over the exemption. A New York attorney explains the rule and the strategies that avoid it.
Choosing a trustee is harder than choosing a beneficiary. A New York attorney explains the tradeoffs between family, professional, and corporate trustees — and how to avoid costly mistakes.
Dynasty trusts can protect family wealth across generations from estate tax, creditors, and divorce. A New York attorney explains how they work and when they make sense.